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Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development. In recent times, Central Banks in the European Union (EU) are facing a triple dilemma that demands delicate balancing acts and strategic decisions following persistent high inflation that is threatening to cripple
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Bitcoin (BTC) circled $26,500 into the Sep. 17 weekly close after new September highs gave way to calmer conditions.BTC/USD 1-hour chart. Source: TradingViewBitcoin saves volatility for weekly closeData from Cointelegraph Markets Pro and TradingView showed BTC price performance stabilizing over the weekend.The largest cryptocurrency had seen a trip to $26,880
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Bitcoin (BTC) headed higher into the Sep. 14 Wall Street open despite fresh macro data showing resurgent United States inflation.BTC/USD 1-hour chart. Source: TradingViewBitcoin gains while U.S. PPI beats forecastData from Cointelegraph Markets Pro and TradingView followed BTC price action as it made new September highs, topping out at $26,762.Bitcoin
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High energy prices can have a cascading effect on other sectors of the economy, contributing to the overall rise in consumer prices. The European Central Bank (ECB) has announced its 10th consecutive hike in its main interest rate. This decision has catapulted the Central Bank’s main deposit facility rate from -0.5%
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Core inflation in August rose as the CPI showed price increases across several points, including energy, housing and airfares. Core inflation in August saw its largest monthly increase for the year as consumer prices rose on housing, energy, and many other items. According to the United States Department of Labor, the
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Bitcoin (BTC) saw snap volatility on Sept. 13 as United States macroeconomic data showed inflation beating expectations.BTC/USD 1-hour chart. Source: TradingViewFuel, shelter boost August CPI beyond targetData from Cointelegraph Markets Pro and TradingView followed BTC price action as it threatened a fresh loss of the $26,000 mark. The Consumer Price
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Surging oil prices – WTI crude oil rose to its highest levels of 2023 in August (the move continuing into September) – were a major factor in the rise of headline inflation last month. The U.S. Federal Reserve, though, will likely take comfort in the continuing decline in core inflation,
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By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ). Bitcoin (BTC) closed last week around $25,850, a 0.5% decrease in price from its previous week’s closing price of $26,000. The market keeps following the trend of low volumes and volatility observed in this Q3. In the
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Should it come to pass, tomorrow's decline in core CPI will be welcome to policymakers, but even a 4.3% inflation rate is more than double the Fed's 2% target. And central bankers will have a hard time claiming victory over inflation when consumers are watching prices at the pump advance
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Despite bitcoin’s tumultuous year, the world’s largest digital asset proved to be a reliable hedge against inflation. And a number of Liberal MPs own it. Source
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